Proposals Affecting Trust Fund Solvency

The last 5 Trustees Reports
have indicated that Social Security's Old-Age, Survivors, and
Disability Insurance (OASDI) Trust Fund reserves would become depleted
between 2033 and 2034 under the intermediate set of economic and
demographic assumptions provided in each report.
If no legislative change is enacted, scheduled tax revenues will be sufficient
to pay only about three fourths of the scheduled benefits after
trust fund depletion. Policymakers have developed proposals and options that have
financial effects on the OASDI Trust Funds. Many of these proposals and options have the
intent of addressing the long-range solvency problem.

We have prepared memoranda for many of these proposals and options.
Each memorandum provides an actuarial analysis showing the estimated
effect on the financial status of the OASDI program.

These memoranda are provided in Portable Document Format (PDF),
which we recommend for printing (requires
Adobe Acrobat Reader).
Some of the memoranda are also available in HTML format.

The memoranda are listed below in chronological order, most recent first.
To search the list, use the search forms at left.

Date ofmemorandum

Developer(s)of proposal

Memorandum subject and related information

September 19, 2017

Sam Johnson, Adrian Smith

Estimates of the Financial Effects on Social Security of Enactment of H.R. 3112, the "Providing Choice for Social Security Retirees Act," introduced on June 29, 2017 by Chairman Sam Johnson and Representative Adrian Smith (PDF version)

August 2, 2017

Charlie Crist

Estimates of the Financial Effects on Social Security of H.R. 1631, the "Save Social Security Act of 2017," introduced on March 20, 2017 by Representative Charlie Crist
(PDF version)

July 20, 2017

Ted Deutch, Mazie Hirono

Estimates of the Financial Effects on Social Security of H.R. 3302 and S. 1600, the "Protecting and Preserving Social Security Act," introduced on July 20, 2017 by Representative Ted Deutch and Senator Mazie Hirono
(PDF version)

June 29, 2017

Sam Johnson, Jackie Walorski

Estimates of the Financial Effects on Social Security of H.R. 3077, the "Senior Citizens' Freedom to Work Act of 2017," introduced on June 27, 2017 by Representatives Sam Johnson and Jackie Walorski
(PDF version)

June 8, 2017

Al Lawson

Estimates of the Financial Effects on Social Security of H.R. 2855, the "Social Security for Future Generations Act of 2017," introduced on June 8, 2017 by Representative Al Lawson
(PDF version)

June 1, 2017

Tom Cotton

Implications for Social Security of Reducing the Employee Portion of the Payroll Tax, requested by Senator Tom Cotton
(PDF version)

June 1, 2017

Tom Cotton

Implications for Social Security of Increasing the Rate at Which Disabled Workers Have Their Benefits Terminated on the Basis of Returning to Work, requested by Senator Tom Cotton
(PDF version)

April 5, 2017

John Larson

Estimates of the Financial Effects on Social Security of H.R. 1902, the "Social Security 2100 Act," legislation introduced on April 5, 2017 by Representative John Larson
(PDF version)

February 16, 2017

Bernie Sanders, Peter DeFazio

Estimates of the Financial Effects on Social Security of the "Social Security Expansion Act," legislation introduced on February 16, 2017 by Senator Bernie Sanders and Representative Peter DeFazio
(PDF version)

December 8, 2016

Sam Johnson

Estimates of the Financial Effects on Social Security of H.R. 6489, the "Social Security Reform Act of 2016," introduced on December 8, 2016 by Representative Sam Johnson
(PDF version)

Updated Estimates of the Financial Effects on Social Security of the plan released on June 9, 2016 by the Bipartisan Policy Center's Commission on Retirement Security and Personal Savings
(PDF version)

September 9, 2016

Linda Sanchez

Estimates of the Financial Effects on Social Security of H.R. 5952, the "Strengthening Social Security Act of 2016," introduced on September 8, 2016 by Representative Linda Sanchez
(PDF version)

July 13, 2016

Reid Ribble

Estimates of the Financial Effects on Social Security of H.R. 5747, the "S.O.S. Act of 2016," introduced on July 13, 2016 by Representative Reid Ribble
(PDF version)

July 12, 2016

Kevin Brady

Estimate of the Financial Effects on the Social Security Trust Funds of an amendment in the nature of a substitute (Chairman's Mark) offered on July 12, 2016 for H.R. 711, the "Equal Treatment of Public Servants Act of 2015," originally introduced on February 4, 2015 by Representative Kevin Brady
(PDF version)

June 29, 2016

Kevin Brady

Updated Estimate of the Financial Effects on the Social Security Trust Funds of H.R. 711, the "Equal Treatment of Public Servants Act of 2015," introduced on February 4, 2015 by Representative Kevin Brady.
(PDF version)

Estimates of the Financial Effects on Social Security of the plan released on June 9, 2016 by the Bipartisan Policy Center's Commission on Retirement Security and Personal Savings.
(PDF version)

April 4, 2016

SSDI Solutions Initiative

Estimates of the financial effects on Social Security of a number of potential proposals for addressing financial shortfalls of the Social Security Disability Insurance (DI) program, requested by Jim McCrery and Earl Pomeroy, Co-chairs, SSDI Solutions Initiative.
(PDF version)

March 18, 2016

Madeleine Bordallo

Estimate of the financial effects on Social Security of H.R. 3642, a bill "to provide for increased flexibility in the extension of the Social Security program to Guam," introduced on September 29, 2015 by Representative Madeleine Bordallo.
(PDF version)

March 17, 2016

Kevin Brady

Estimate of the Financial Effects on the Social Security Trust Funds of H.R. 711, the "Equal Treatment of Public Servants Act of 2015," introduced on February 4, 2015 by Representative Kevin Brady.
(PDF version) See updated estimate for this proposal, dated June 29, 2016.

March 10, 2016

Patrick Murphy

Estimates of the Financial Effects on Social Security of H.R.4529, the "Social Security Parent Penalty Repeal Act", introduced on February 10, 2016 by Representative Patrick Murphy.
(PDF version)

February 24, 2016

Sherrod Brown

Estimates of the Financial Effects on Social Security of S.1651, the "Social Security Fairness Act of 2015", introduced on June 23, 2015 by Senator Sherrod Brown.
(PDF version)

February 10, 2016

FY2017 Budget

Estimates of the Financial Effects on Social Security of a Fee on Petroleum Products Proposed in the President's Fiscal Year 2017 Budget, requested by Representative Sam Johnson.
(PDF version)

February 10, 2016

FY2017 Budget

Estimates of the Financial Effects on Social Security of Two Changes to the WEP and GPO Proposed in the President's Fiscal Year 2017 Budget, requested by Shaun Donovan, Director of the Office of Management and Budget.
(PDF version)

February 4, 2016

Bernie Sanders

Estimates of the Financial Effects on Social Security of S. 731, the "Social Security Expansion Act," legislation introduced on March 12, 2015 by Senator Bernie Sanders (PDF version)

November 5, 2015

Elizabeth Warren

Estimate of the Effects on the Old Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds of enactment of S. 2251, the "Seniors and Veterans Emergency (SAVE) Benefits Act," introduced on November 5, 2015 by Senator Elizabeth Warren (PDF version)

October 27, 2015

John Boehner

Estimate of the Effects on the OASI and DI Trust Funds of enacting the temporary reallocation of a portion of the OASDI payroll tax rate proposed in H.R. 1314, the "Bipartisan Budget Act of 2015," introduced on September 27, 2015 by Representative John Boehner (PDF version)

September 30, 2015

Ron Wyden, Sandy Levin

Estimate of the Effects on the OASI and DI Trust Funds of enacting the temporary reallocation of the payroll tax rate proposed in S. 2090 and H.R. 3621, legislation introduced on September 28, 2015 by Senator Ron Wyden and Representative Sandy Levin (PDF version)

August 24, 2015

Brian Schatz

Estimate of the Financial Effects on Social Security of S. 1940, the "Safeguarding American Families and Expanding Social Security Act of 2015," legislation introduced on August 5, 2015 by Representative Brian Schatz (PDF version)

July 22, 2015

Xavier Becerra

Analysis of the Effects on Social Security of the "One Social Security Act," legislation introduced on July 22, 2015 by Representative Xavier Becerra (PDF version)

June 16, 2015

Vern Buchanan

Estimate of the Financial Effects on Social Security of H.R. 2774, legislation introduced on June 15, 2015 by Representative Vern Buchanan (PDF version)

May 29, 2015

Ted Deutch

Estimate of the Financial Effects on Social Security of H.R. 1811, the "Protecting and Preserving Social Security Act," legislation introduced on April 15, 2015 by Representative Ted Deutch (PDF version)

May 6, 2015

Charles Boustany, Sam Johnson

Estimate of the Financial Effects on Social Security of H.R. 2135, Promoting Opportunity for Disability Benefit Applicants Act legislation introduced on April 30, 2015 by Representatives Charles Boustany and Sam Johnson (PDF version)

April 23, 2015

Peter DeFazio

Estimates of the Financial Effects on Social Security of H.R. 1984, the Fair Adjustment and Income Revenue for Social Security Act, legislation introduced on April 23, 2015 by Representative Peter DeFazio (PDF version)

March 26, 2015

Bernie Sanders

Estimates of the Financial Effects on Social Security of S. 731, the Social Security Expansion Act, legislation introduced on March 12, 2015 by Senator Bernie Sanders (PDF version)

March 18, 2015

John Larson

Estimates of the Financial Effects on Social Security of H.R. 1391, the Social Security 2100 Act, legislation introduced on March 17, 2015 by Representative John Larson (PDF version)

February 12, 2015

Sam Johnson, Orrin Hatch

Estimates of the Financial Effects on Social Security of H.R. 918 "The Social Security Disability Insurance and Unemployment Benefits Double Dip Elimination Act of 2015" introduced on February 12, 2015 by Representative Sam Johnson, with similar Bill introduced in the Senate by Senator Orrin Hatch (PDF version)

February 5, 2015

FY2016 Budget

Potential Reallocation of the Payroll Tax Rate Between the Disability Insurance (DI) Program and the Old-Age and Survivors Insurance (OASI) Program (PDF version)

February 2, 2015

Barack Obama

Estimates of the Financial Effects on Social Security of the Presidents Executive Actions for Immigration Announced November 20, 2014, requested by Senator Ron Johnson (PDF version)

November 13, 2014

Kevin Brady

Estimates of the Financial Effects on Social Security of H.R. 5697, the Equal Treatment of Public Servants Act of 2014, legislation introduced on November 13, 2014 by Representative Kevin Brady (PDF version)

July 31, 2014

John Larson

Estimates of the Financial Effects on Social Security of the Social Security 2100 Act, legislation introduced on July 31, 2014 by Representative John Larson (PDF version)

July 28, 2014

N/A

Potential Reallocation of the Payroll Tax Rate Between the Disability Insurance (DI) Program and the Old-Age and Survivors Insurance (OASI) Program (PDF version)

June 10, 2014

Mark Begich, Patty Murray

Estimates of the Financial Effects on Social Security of the "Retirement and Income Security Enhancements Act," legislation introduced on June 10, 2014 by Senators Mark Begich and Patty Murray (PDF version)

March 4, 2014

FY2015 Budget

Estimates of the Financial Effects on Social Security of a Proposal to Reduce DI Benefits Based on Receipt of UI Benefits (PDF version)

Estimated Financial Effects on Social Security of the
"Strengthening Social Security Act of 2013," legislation introduced on March 14, 2013 by
Senator Tom Harkin (PDF version)

March 8, 2013

John Larson, Vern Buchanan

Effect on Social Security Financial Status of a Proposal to Repeal the Employer FICA Tax Credit on Tips for Food and Beverage Workers, requested by Representatives John Larson and Vern Buchanan
(PDF version)

September 12, 2012

Kay Bailey Hutchison

Estimated Financial Effects of a Proposal to Restore 75-Year Solvency for the Social Security Program Requested by Senator Kay Bailey Hutchison (PDF version) (PDF version)

March 29, 2012

Tom Harkin

Estimated Financial Effects on Social Security of the "Rebuild America Act," legislation introduced on March 29, 2012 by Senator Tom Harkin (PDF version)

Estimated Financial Effects of a Proposal to Restore Sustainable Solvency for the Social Security Program Requested by Representative Jason Chaffetz
(PDF version)

September 12, 2011

Thaddeus McCotter

Preliminary Estimates of the Financial Effects of a Proposal to Provide Voluntary Personal Accounts and to Restore 75-year Solvency for Social Security, Requested by Representative Thaddeus McCotter
(PDF version)

September 7, 2011

Bernie Sanders

Estimated Financial Effects of the Proposed Bill to be Named "Keeping Our
Social Security Promises Act," Requested by Senator Bernie Sanders
(PDF version)

Effects on Social Security Financial Status and on Benefit Levels of Two Potential Modifications to the Automatic Annual Cost of Living Adjustment (COLA) Requested by Representative Xavier Becerra
(PDF version)

June 9, 2011

Kay Bailey Hutchison

Estimated Financial Effects of a Proposal to Restore 75-Year Solvency for the Social Security Program Requested by Senator Kay Bailey Hutchison
(PDF version)

April 14, 2011

Kay Bailey Hutchison

Estimated Financial Effects of Three Proposals to Improve the Actuarial Status of the Social Security Program Requested by Senator Kay Bailey Hutchison
(PDF version)

Enhanced benefit illustrations for the December 1, 2010 plan developed
by National Commission on Fiscal Responsibility and Reform and the
November 17, 2010 plan developed by the Bipartisan Policy Center's
Debt Reduction Task Force
(PDF version)

December 1, 2010

Fiscal Commission

Estimates of the OASDI Financial Effects of the plan developed by National Commission on Fiscal Responsibility and Reform, December 1, 2010
(PDF version)

Estimated Financial Effects of Title IV of "The Roadmap for America's Future Act of
2010"—legislation introduced as Title IV of H.R. 4529 (111th Congress) on January
27, 2010 by Representative Paul Ryan
(PDF version)

January 13, 2010

NRC, NAPA

Estimated Financial Effects of Four Comprehensive Proposals to Restore Social Security
to Sustainable Solvency Requested by the National Research Council and the National Academy
of Public Administration for their Committee Report, Choosing the Nation's Fiscal Future
(PDF version)

Estimated Financial Effects of a Proposal to Restore Sustainable Solvency for the Social Security
Program—legislation introduced as S. 2427 (109th Congress) on March 16, 2006 by
Senator Robert Bennett (PDF version)

Estimated Financial Effects of a Comprehensive Social Security Reform Proposal Including Progressive
Price Indexing—a proposal developed by Robert Pozen, member of the 2001
President's Commission to Strengthen Social Security. (PDF
version)